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Date Sent: 2009-08-31
Freedom's Phoenix Global Edition for Monday, August 31, 2009 PM edition
 
Top U.S. commander: Afghan strategy must change -- Makers Of Vaccination Refuse To Take H1N1

When Will This Country Stop Senator Chris Dodd? -- Fed's Dudley says too early to mull curbing Fed purchases -- Insider Trading and Investor Sentiment Signaling U.S. Stock Market -- US officials cancel contract to profile reporters -- The (Intentionally) Misleading Mainstream Media -- Read Between the Decimals - by Bill Bonner -- European shares fall as China plunges nearly 7 percent! --  America's Tortured Past - by  Stephen Lendman -- China's national flag to go up in White House on Sept 20

 

U.S. commander: Afghan strategy must change News Link  •  WAR: About that War
U.S. commander: Afghan strategy must change
08-31-2009  •  Reuters 
The situation in Afghanistan is grave, but victory can be achieved with a change in strategy, the commander of Western forces in the country said.

No indication whether U.S. Army General Stanley McChrystal, who commands more than 100,000 U.S. and NATO troops, would ask for still more reinforcements to carry out his new strategy.
 
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Reported by: Powell Gammill
Makers Of Vaccination Refuse To Take H1N1 News Link  •  Pandemic
Makers Of Vaccination Refuse To Take H1N1
08-31-2009  •  Wayne Madsen 
Even scientists who helped develop the vaccine say THEY ARE NOT GOING TO TAKE IT AND URGE THEIR FRIENDS AND FAMILY NOT TO TAKE IT EITHER- Must see VIDEO   Read Full Story
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Reported by: Jim Stachowiak
Blackmail and Secret Societies In US Military -Must see Videos News Link  •  Secret Societies
Blackmail and Secret Societies In US Military -Must see Videos
08-31-2009  •  Kay Griggs 
Kay Griggs’ report of world events and the power elite paints a picture that begins to explain the hows and whys of our current global scenario.   Read Full Story
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Reported by: Jim Stachowiak
Impending Crash? News Link  •  Depression
Impending Crash?
08-31-2009  •  The Market Ticker 
You have to wonder when you see statistics like this (through 9:30 this morning): Remove SPY, ETFC and LEHMQ (none of which trade on the NYSE) from the list and you get 606 million shares. How many shares have traded in total with one hour in? 1.491 billion. Forty percent of the volume is comprised of four used dogfood stocks, just as we've seen for the last couple of weeks - all people passing shares back and forth among each other, many of it being "computer HFT games." The other used dog-food stocks (LEHMQ and ETFC) are really no better; they just don't trade on the NYSE. Lehman is particularly ridiculous as that's a formally-bankrupt company! Fannie and Freddie are two of the most outrageous abuses I've seen in a long time, second only to AIG. All three of these should be delisted as their equity value is quite literally bupkis. This just goes to illustrate - the market is currently being levitated on literal trash. Again to  Read Full Story
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What Would a Federal Reserve Audit Show? News Link  •  Federal Reserve
What Would a Federal Reserve Audit Show?
08-31-2009  •  WSJ 
What is excluded from GAO oversight? The GAO can’t review most of the Fed’s monetary policy actions or decisions, including discount window lending (direct loans to financial institutions), open-market operations and any other transactions made under the direction of the Federal Open Market Committee. It also can’t look into the Fed’s transactions with foreign governments, foreign central banks and other international financing organizations. (The GAO in 1993 produced this report on its limitations. The Federal Banking Agency Audit Act of 1978 put other parts of the central bank’s operations under GAO purview, as they had been for a decade until 1933.)  Read Full Story
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DPS boosts patrols to stop drugs at source News Link  •  Arizona's Top News
DPS boosts patrols to stop drugs at source
08-31-2009  •  Arizona Republic 

Five members of a relatively new Arizona Department of Public Safety unit are responsible for confiscating nearly 15,000 pounds of pot, more than 300 pounds of cocaine and about 20 pounds of heroin in the past 18 months.

The officers are part of a DPS unit - the only one of its kind in the country - that combines the talents of some of the agency's more successful drug-interdiction officers with the technical skills of those who understand the smallest of details involved in commercial vehicle enforcement, said department director Roger Vanderpool.

  
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Reported by: Powell Gammill
When Will This Country Stop Senator Chris Dodd? News Link  •  Corruption
When Will This Country Stop Senator Chris Dodd?
08-31-2009  •  The Golden Truth 
We know that Dodd received a "FOA" mortgage from Countrywide. "FOA" is Friends of Angelo Mozilo, the disgraced and corrupt ex-Countrywide CEO who is under massive class-action lawsuits which total in the $100's of billions. In fact, one of Dodd's mortgages was underwritten in DC stating that it was his "primary" residence, when in fact his primary home is in Connecticut. This means is he received much more favorable terms and a lower mortgage rate. We also know that Dodd was responsible for engineering legislation that helped usher in the proliferation of subprime mortgages, especially with regard to the ability of Fannie Mae and Freddie Mac to underwrite these garbage loans, many of them fraudulent. And now we see via Forbes, that Senator Dodd went to bat for a big Connecticut hedge fund, which also owns a mortgage servicing business, in order for this fund to attain access to the TALF program (Term Asset-Backed Lending Facility). TALF i  Read Full Story
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Fed's Dudley says too early to mull curbing Fed purchases News Link  •  Federal Reserve
Fed's Dudley says too early to mull curbing Fed purchases
08-31-2009  •  Reuters 
New York Federal Reserve Bank President William Dudley said it is too early to talk about curtailing the central bank's long-term security purchases while the U.S. economic recovery is fragile.

"As financial conditions improve, which seems to be the trajectory, it's a legitimate point to consider what you want to do in terms of your purchase programs," Dudley told CNBC in an interview broadcast on Monday.

 
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Reported by: Powell Gammill
Disney to buy Marvel Comics for $4 billion News Link  •  Entertainment: Movies
Disney to buy Marvel Comics for $4 billion
08-31-2009  •  Reuters 
Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man and the Fantastic Four to its entertainment empire.

Disney is striking the biggest media deal of the year so far -- one that will unite the Incredible Hulk and Mickey Mouse -- at a time when the media business is struggling to cope with spending cutbacks by both consumers and advertisers.

  
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Reported by: Powell Gammill

Insider Trading and Investor Sentiment Signaling U.S. Stock Market Top
News Link  •  Economy - Economics USA
Insider Trading and Investor Sentiment Signaling U.S. Stock Market Top
08-31-2009  •  TrimTabs Investment Research 
TRimTabs Investment Research reported that selling by corporate insiders in August has surged to $6.1 billion, the highest amount since May 2008. The ratio of insider selling to insider buying hit 30.6, the highest level since TrimTabs began tracking the data in 2004. "The best-informed market participants are sending a clear signal that the party on Wall Street is going to end soon," said Charles Biderman, CEO of TrimTabs. TrimTabs' data on insider transactions is based on daily filings of Form 4, which corporate officers, directors, and major holders are required to file with the Securities and Exchange Commission. In a research note, TrimTabs explained that insider activity is not the only sign the rally is about to end. The TrimTabs Demand Index, which tracks 18 fund flow and sentiment indicators, has turned very bearish for the first time since March.  Read Full Story
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US officials cancel contract to profile reporters News Link  •  MEDIA (MainStreamMedia - aka MSM)
US officials cancel contract to profile reporters
08-31-2009  •  AP 
U.S. military authorities in Afghanistan have terminated a contract with a company that was producing background profiles of reporters covering a war that's becoming increasingly unpopular with the American public.
 
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Reported by: Powell Gammill
AMD Packs Six-Core Opteron Chip Inside 40 Watts News Link  •  Technology: Computer Hardware
AMD Packs Six-Core Opteron Chip Inside 40 Watts
08-31-2009  •  PC magazine 
Advanced Micro Devices has launched a low-power version of its six-core Opteron processor.

The six-core AMD Opteron EE consumes 40 watts, and is designed for 2P servers, among the most popular in the virtualized server space. The chip will cost $989, and will begin shipping on today.

To maintain the same thermal envelope as the previous generation chip, the Opteron 2419 EE runs at 1.8 GHz, versus the 2.0+ GHz clock speeds of the "Shanghai" Opteron generation. AMD claims that the 2419 EE offers up to a third more performance than the 2377 EE, a four-core chip whose cores were clocked at 2.3 GHz, which also ran at a 40-watt thermal envelope.

  
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Reported by: Powell Gammill
The (Intentionally) Misleading Mainstream Media News Link  •  Media: Print
The (Intentionally) Misleading Mainstream Media
08-31-2009  •  The Market Ticker 
This morning I woke up to the media once again "spouting" about how the government had "made money" on the bank bailouts. MSNBC was spouting the mainstream lie, with the following from the NY Times: Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually, according to calculations compiled for The New York Times. The problem is that this "accounting" is terribly misleading. It ignores the more than $100 billion passed through AIG to Goldman Sachs and others, for example - money that is almost certain to never be recovered. The government still faces potentially huge long-term losses from its bailouts of the in  Read Full Story
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European shares fall as China plunges nearly 7 percent! News Link  •  Economy - International
European shares fall as China plunges nearly 7 percent!
08-31-2009  •  AP 
European shares fell Monday after Chinese stocks plunged nearly 7 percent and Japanese shares weakened after that nation's opposition party came to power in a landslide victory.
 
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Reported by: Powell Gammill
Read Between the Decimals Feature Article  •  Economy - Economics USA
Read Between the Decimals
Bill Bonner
   Our story continues… According to the popular version, Ben Bernanke, our flawed hero, has averted a Second Great Depression. When the crisis came in ’07-’08, he calmly took out the text he had written himself: “Dummies’ Guide to Avoiding a Japan-style Deflation”…or something like that. 
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America's Tortured Past Opinion  •  Torture
America's Tortured Past
September 1, 2009
Stephen Lendman
   America's Tortured Past
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Deforestration Abates News Link  •  Environment
Deforestration Abates
08-31-2009  •  arclein 
The amount of carbon emissions caused by world forest destruction is likely far less than the 20 percent figure being widely used before global climate talks in December, said the head of the Brazilian institute that measures Amazon deforestation.  Read Full Story
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Reported by: Robert Klein
Sustainable Development: The Root of All Our Problems News Link  •  Economy - Economics USA
Sustainable Development: The Root of All Our Problems
08-31-2009  •  American Policy Center 
Sustainable Development calls for changing the very infrastructure of the nation, away from private ownership and control of property to nothing short of central planning of the entire economy " often referred to as top-down control. Truly, Sustainable Development is designed to change our way of life.   Read Full Story
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Reported by: Jim Stachowiak
Economic Collapse: Bank Runs, China, Peter Schiff, Gerald Celente, Max Keiser News Link  •  Depression
Economic Collapse: Bank Runs, China, Peter Schiff, Gerald Celente, Max Keiser
08-30-2009  •  You Tube 
Max Kaiser speaks about the predicted bank run and currency destruction of the US economy. He also speaks about how China will be on top of the depression because they are  Read Full Story
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China's national flag to go up in White House on Sept 20 News Link  •  China
China's national flag to go up in White House on Sept 20
08-30-2009  •  China Daily 
The national flag of the People's Republic of China (PRC) will be hoisted at the South Lawn of the White House in Washington on September 20, media reported Sunday. Chinese associations in the United States had applied to hold a ceremony in front of the US President’s residence to celebrate the 60th anniversary of the founding of PRC. Chen Ronghua, chairman of Fujian Association of the United States, told reporters that their application was approved not only because of the sound Sino-US relations but also because China is a responsible country.  Read Full Story
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RANGEL UNTANGLE
DC DEMS MOVE TO SAVE HIM News Link  •  Corruption
RANGEL UNTANGLE DC DEMS MOVE TO SAVE HIM
08-30-2009  •  New York Post 
House Democrats are willing to rally around Rep. Charles Rangel in his latest spate of tax missteps -- but only as long as no more embarrassing revelations come to light, sources told The Post. The head of the powerful Ways and Means Committee last week amended six years' worth of financial disclosure forms and revealed he'd earned $1.3 million in previously unreported income. That's on top of ongoing House Ethics Committee probes into four other areas of Rangel's financial past -- including failure to properly report income taxes on a Caribbean villa he owns. But unless the Ethics Committee probes hit Rangel with something more than a slap on the wrist -- or a bigger scandal arises -- Democrats are unlikely to push him off the Ways and Means Committee, a Washington insider said. "He doesn't strike me as someone who would go quietly, and he's not afraid to play the race card on his own party," the DC source said. Friends like House Speak  Read Full Story
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In a Flu Pandemic, What Can the Government Do to You? News Link  •  Government
In a Flu Pandemic, What Can the Government Do to You?
08-30-2009  •  ABC 
The CDC's report, released Monday, may well create some level of hysteria. It said 1.8 million Americans could become seriously ill this fall and as many as 90,000 could die. In truth, America's national pandemic response plan has been shaped by lessons from the 1918 Spanish flu epidemic, which killed millions globally and did include gun-point quarantines. If the circumstances are deemed dire enough, the government's "Pandemic Influenza Plan" allows for strong measures, such as banning public gatherings and calling in the military to help with law enforcement.  Read Full Story
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